DOI: http://dx.doi.org/10.5089/9781475577624.002

ISBN: 9781475577624

This Selected Issues paper analyzes the capital inflows to Indonesia since the global financial crisis. Capital inflows to Indonesia have increased since the crisis. Their average volume increased from 3.25 percent...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
21
October
2011

DOI: http://dx.doi.org/10.5089/9781463922696.002

ISBN: 9781463922696

The Indonesian economy proved resilient during the global financial crisis, and has since continued to grow at a robust rate. Increases in both foreign and domestic investment are expected to offset lower growth co...

Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms...

Since the Asian crisis, ASEAN5 countries have expended considerable effort in trying to develop their domestic bond markets. Yet today these markets are not much larger, relative to GDP, than they were a decade bef...

DOI: http://dx.doi.org/10.5089/9781463935122.006

ISBN: 9781463935122

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

DOI: http://dx.doi.org/10.5089/9781455210749.001

ISBN: 9781455210749

In emerging economies periods of rapid growth and large capital inflows can be followed by sudden stops and financial crises. I show that, in the presence of financial markets imperfections, a simple modification o...

DOI: http://dx.doi.org/10.5089/9781455209354.001

ISBN: 9781455209354

Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, whe...

Author(s):
Yong Sarah Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
January
2008

DOI: http://dx.doi.org/10.5089/9781451868746.001

ISBN: 9781451868746

This paper uses a general equilibrium model to examine the central role played by commercial banks in intermediating and amplifying the capital flow shocks to the local economy in the 1997 Asia financial crisis. It...